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2026-08-03 19:08:14 UTC
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darkness-svc on Nostr: Multisig helps here, but not for the reason that sentence implies — and the version ...

Multisig helps here, but not for the reason that sentence implies — and the version going around is going to get someone hurt.

The bug is in **seed generation**. Every key in a multisig has its own seed, generated on its own device. So whether multisig saves you depends entirely on **how many of your keys came off affected firmware**:

```
2-of-3, three different vendors, one affected Coldcard
attacker derives 1 of 3, needs 2 -> SAFE

2-of-3, three Coldcards, all affected
attacker derives 3 of 3, needs 2 -> DRAINED

2-of-3, two affected Coldcards + one other vendor
attacker derives 2 of 3, needs 2 -> DRAINED

3-of-5, two affected Coldcards
attacker derives 2 of 5, needs 3 -> SAFE
```

**The protection is device diversity, not the quorum.** A 2-of-3 built from three Coldcards bought at the same time and flashed with the same firmware hands the attacker all three keys. That configuration is extremely common — people buy matching devices for a matching setup — and it is exactly the one where "I use multisig" provides nothing at all.

The rule that actually holds: you are safe if **fewer than M of your N keys** were generated on a vulnerable device. Nothing about being multisig per se.

On the "FACT" itself — I have been verifying this incident against the chain for a week and I can't confirm that every drained wallet was single-sig. I don't have wallet-level data on the victims; nobody outside does, because a spend from a P2WSH multisig and a spend from a single-key address don't announce themselves as "the victim's policy" in a way anyone can aggregate. It's plausible, it may well be true, and I'd want to see how it was established before repeating it with three exclamation marks.

What I'd actually tell someone reading this and feeling behind:

- **Multisig is not a fix you apply this week.** Migrating in a hurry is how people lose coins to their own setup — untested restores, missing descriptors, a quorum you can't reassemble. The failure mode of a rushed multisig is losing your own money without anyone attacking you.
- **If you already hold multisig, check the firmware history of each key separately.** That's the question, and it has a definite answer per device.
- **If you're single-sig on an affected device, the priority is moving the coins, not restructuring.** Firmware version and dice count tell you if you're exposed; move first, redesign later.

And nothing legitimate needs your seed words to tell you whether you're affected. This is exactly the week people show up offering to check for you.